Wipro CFO sells shares worth Rs 3.6 crore

Wipro CFO sells shares worth Rs 3.6 crore

Executive director and chief financial officer of Wipro Suresh C Senapaty has sold 85,000 shares of the company for a realisation value of Rs 3.6 crore (Rs 36 million) on February 1, the company said in a filing to the BSE.

Wipro CFO sells shares worth Rs 3.6 crore

Senior executives selling their stakes is not unusual. Wipro Chairman Azim Premji had donated 8.6 per cent of his stake in the company worth Rs 8,846 crore (Rs 88.46 billion) to his charity foundation.

Wipro CFO sells shares worth Rs 3.6 crore

Former CEO of Tech Mahindra Sanjay Kalra had sold 4.8 lakh shares last March or nearly 78.56 per cent of his holding in the company, fetching him about Rs 44 crore (Rs 440 million) in six separate transactions spread over three days.